A Probable Effect of the Development of Internet Technology on Insurance & Banking Sectors, Decision Processes and Service Structures
The history of development of Internet of Things (IOT) covers last twenty years. Despite the short of time, the concept and implementation of Internet of Things have widely spread all over the world. The impetus of dissemination of the concept has exponential speed. In the near future, billions of smart sensors and devices will interact with one another without human intervention.The early impact of Internet of Things have observed and discussed in the areas of technology, transportation, production and marketing. The prospective effect of Internet of Things on finance sector has been discussed recently.In this study, development of concept of Internet of Things and it is effect of to the finance sector and specifically insurance and banking sectors and future expectations have evaluated.
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